10% 10-Month CD at a Texas CU - $2.5K Max (Alamo FCU)
Oct 31, 2006 - 8:37 PM by Ken Tumin
Alamo Federal Credit Union is offering a special 10.00% APY 10-month share certificate. The minimum deposit is $500 and the maximum is $2,500. It requires new money and direct deposit to your Alamo FCU checking account. There's a limit of one 10% CD per member. There's also a special 5.75% APY 7-month CD. This has a $500 minimum with no apparent maximum deposit limit.
The $2.5K cap is not too bad. The 10% APY gives you about 4.5% above what you would get at E-LOAN's savings account. For 10 months you'll earn about $93 over what you would earn at E-LOAN (assuming no rate changes).
The field of membership is primarily based on select employee groups. The list includes several federal employers including the IRS, DEA, FBI, FDA and US Postal Service around the San Antonio area. See site for the full list.
The credit union has 6 branches located in San Antonio, Texas.
The credit union is NCUA insured. It has $36 million in assets and 5,611 members.
The $2.5K cap is not too bad. The 10% APY gives you about 4.5% above what you would get at E-LOAN's savings account. For 10 months you'll earn about $93 over what you would earn at E-LOAN (assuming no rate changes).
The field of membership is primarily based on select employee groups. The list includes several federal employers including the IRS, DEA, FBI, FDA and US Postal Service around the San Antonio area. See site for the full list.
The credit union has 6 branches located in San Antonio, Texas.
The credit union is NCUA insured. It has $36 million in assets and 5,611 members.
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